Automation and Artificial Intelligence

The integration of Automation and Artificial Intelligence (AI) in accounting has significantly transformed the profession, promising increased efficiency, accuracy, and cost savings. However, these advancements also introduce challenges such as job displacement, ethical concerns, educational gaps, cost barriers, and client trust issues. This paper explores the impact of automation and AI on accounting practices, analyzing both the benefits and challenges they present. AI-driven tools enhance fraud detection, data accuracy, compliance, and financial decision-making while streamlining invoice processing. Nevertheless, concerns regarding workforce adaptation, data security, and legal implications must be addressed to ensure responsible implementation. By bridging educational gaps, fostering transparency, and integrating human oversight, accountants can harness AI's potential while maintaining trust and ethical standards. This study contributes to the ongoing discourse on the future of accounting, offering insights into how professionals can navigate AI-driven transformations effectively.

Publication Details

Journal
UiTM Institutional Repositories (Universiti Teknologi MARA)
Published
2025-09-25
Primary Topic
Financial Reporting and XBRL
Type
article
Field-Weighted Citation Impact
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article

Automation and Artificial Intelligence

UiTM Institutional Repositories (Universiti Teknologi MARA)
Financial Reporting and XBRL
article

Automation and Artificial Intelligence

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Abstract

The integration of Automation and Artificial Intelligence (AI) in accounting has significantly transformed the profession, promising increased efficiency, accuracy, and cost savings. However, these advancements also introduce challenges such as job displacement, ethical concerns, educational gaps, cost barriers, and client trust issues. This paper explores the impact of automation and AI on accounting practices, analyzing both the benefits and challenges they present. AI-driven tools enhance fraud detection, data accuracy, compliance, and financial decision-making while streamlining invoice processing. Nevertheless, concerns regarding workforce adaptation, data security, and legal implications must be addressed to ensure responsible implementation. By bridging educational gaps, fostering transparency, and integrating human oversight, accountants can harness AI's potential while maintaining trust and ethical standards. This study contributes to the ongoing discourse on the future of accounting, offering insights into how professionals can navigate AI-driven transformations effectively.

UiTM Institutional Repositories (Universiti Teknologi MARA)
Peace, Justice and strong institutions
Openalex Percentile: Top 28%
Financial Reporting and XBRL
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Automation and Artificial Intelligence · UiTM Institutional Repositories (Universiti Teknologi MARA) (2025) | TGRS Research Map | TGRS